TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS LUSTER INDUSTRIES BHD. ("LUSTER" OR "THE COMPANY") PROPOSED JOINT VENTURE BETWEEN LUSTER HIJAUAN HOME SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF LUSTER MANUFACTURING SDN. BHD, WHICH IN TURN A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY WITH ENRICH REALTY SDN. BHD.
LUSTER INDUSTRIES BHD.
Type Announcement Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS Description LUSTER INDUSTRIES BHD. ("LUSTER" OR "THE COMPANY") PROPOSED JOINT VENTURE BETWEEN LUSTER HIJAUAN HOME SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF LUSTER MANUFACTURING SDN. BHD, WHICH IN TURN A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY WITH ENRICH REALTY SDN. BHD. The Board of Directors of Luster wishes to announce that Luster Hijauan Home Sdn Bhd (“Luster Hijauan Home”), a wholly-owned subsidiary of Luster Manufacturing Sdn. Bhd, which in turn a wholly-owned subsidiary of the Company had on 2 November 2017 entered into a Joint Venture Agreement ("JVA") with Enrich Realty Sdn Bhd to develop the land held under GM 1290, Lot 257, Mukim Hulu Langat, Batu 10, Jalan Hulu Langat, Daerah Hulu Langat, Negeri Selangor, measuring approximately 3.6725 hectares (the “Land”) into commercial or residential or mixed commercial and residential estate on the said Land upon the terms and conditions as stipulated in the JVA.
Please refer to the attachment for further details.
This announcement is dated 2 November 2017.
Please refer attachment below.
Attachments
Announcement_Joint Venture Agreement.pdf 443.0 kB
Announcement Info Company Name LUSTER INDUSTRIES BHD. Stock Name LUSTER Date Announced 02 Nov 2017 Category General Announcement for PLC Reference Number GA1-20102017-00119
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